Scottish rental market makes a positive start to 2017

Recently released Your Move Scotland Rental Index (Buy to Let), February 2017 headlines ‘Scotland rental market starts 2017 on a high’

Key findings in the report show that average rental prices in Scotland now £571 a month, up 4% annually on £548 recorded a year ago., that Edinburgh and Lothians see strongest annual growth at 3.3%, but monthly has remained absolutely flat and East of Scotland including Fife, Dundee and Perthshire remains cheapest place to rent (£533 a month).

Brian Moran, Lettings Director, Your Move Scotland comments: “It was a strong start to the new year for many landlords across Scotland as rents continued to perform well.

“Edinburgh and Lothians is the best performing region with prices growing faster than anywhere else in Scotland.

“Despite new government rules which cut tax relief on buy-to-let properties making business more complicated for landlords, yield levels have remained strong in the last 12 months

“Yields are exactly the same as a year ago and suggests the Scottish rental market continues to attract quality investment into its housing stock”

Check out the recent Your Move Scotland Rental Index (BTL) February 2017 in full click here.

Allen Walkey

Highly experienced businessman with a successful career in property sales and investment both in the UK and abroad. Now a freelance writer and blogger for the property and Investment Industry, keeping readers up-to-date with changes and events in a rapidly changing world.

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